Best Answer

It banned commercial banks from involvement in buying and selling stocks, and set up the FDIC.

User Avatar

Curtis Strite

Lvl 13
βˆ™ 2022-01-19 19:22:25
This answer is:
User Avatar
Study guides

US Civil War

20 cards

Why were poll taxes created

What is a graduated income tax

What sparked the beginning of the Civil War

When Abraham Lincoln was elected president what was the result for the southern states

See all cards
97 Reviews

Add your answer:

Earn +20 pts
Q: Why was the Glass-Steagall Act a key piece of legislation?
Write your answer...
Still have questions?
magnify glass
Related questions

What does PFMA stand for?

PFMA stands for Public Finance Management Act. It is a piece of legislation that was passed by the first democratic government in South America. The key objectives of the Act include modernization of the financial management system in the public sector.

Which key legislation relates to abuse and neglect?

the safeguarding vulnerable adults group act 2006

What are the aims of legislation?

what is the key aims of ohs legislation

What are the aims of OHS legislation?

what is the key aims of ohs legislation

What are four key pieces of annual legislation pertaining to military spending each year?

Miitary Construction Appropriations Act, DoD Appropriations Act, DoD R&D Act, DoD Authorization Act

What are the key pieces of annual legislation pertaining to military?

DoD Authorization Act, Military Construction Appropriation, Military Construction Authorization (included in DoD Authorization Act), DoD Appropriations Act (Not DoD R&D Act)

What is a key signutare in music?

A key signature indicates which key a piece should be played in.

A piece of music with no sharps or flats is in what key?

The key of C natural.

What are key strokes?

You enter a key stroke whenever you press a key. It is the act of pressing a key.

What are the signatures for piano?

There are two signatures: 1. Time signature, which tells you the tempo of the piece; 2. Key signature, which tells you what key the piece is.

What are the responsibilities of the DOC?

The responsibilities of the Department of Conservation (DOC) include protecting the environment, mapping the area, monitoring and aiding visitors, enforcing the Conservation Act and other key legislation guides, and researching the area.

Why does the piece Toccata for Band have no key signature for any instrumental part?

The reason Toccata for Band has no written key signature is because the piece shifts throughout many different modes and key centers. Rather than determining a key to write the piece in, it is simply easier to write in the accidentals.

People also asked